Flat Fee MLS Listings in Alaska, Arizona, California, Idaho, Louisiana,
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Archive for February, 2015

New “I” Boxes from Supra

J. Andrew English J. Andrew English
Friday, February 13th, 2015

As many of you already know, Supra introduced a new I box into the market place about 24 months ago. Slowly, MLS’s across the country have been upgrading from the old electronic lockboxes to the new boxes. ABOR recently put out the following PDF file addressing the differences b/w the two boxes. While the changes only affect Realtors(R) directly, it’s good to know as a seller what products are out there for Realtors(R) and the differences b/w products.

http://www.abor.com/supraswap/lockbox_new_pdf.pdf

Who is Congress Realty and what do you do?

J. Andrew English J. Andrew English
Tuesday, February 10th, 2015

If you are new to our site, Welcome! Congress Realty first dived into the Flat Fee market back in 2002. Since that time, we have listed somewhere in the neighborhood of 35,000 flat fee listings on local MLS’s across the Western United States. In addition, we have negotiated countless full service deals and represented hundreds of buyer’s in the purchase of Real Estate. We have developed a reputation for a more hands on approach to the flat fee listing. While our site has all of the do it yourself tips and forms you need, we make ourselves available to answer questions and assist seller’s along the way when needed.

When you list a property with Congress Realty, you will always be dealing with Andrew or Donald. We do not refer out orders to outside brokers. When a property is listed with our firm, we have the listing up and active within 1 day of receiving the order. We then send the seller an email confirmation with access to our private client area. This emails contains your login and password to our private client area. From here, the seller can review the MLS listing and submit changes through our website. We typically make changes the day we receive them. When we make a change, a confirmation email is sent to the seller.

On the buyer side, we offer rebates to buyers on the purchase of their home. We will work with your lender to ensure your credit is approved by your lender and perfectly within the scope of the law.

When navigating our site, if you have any questions or comments, give us a call or shoot us an email!

800 657 6579

info@congressrealty.com

Dropping and Raising a listing price – Good idea or Poor decision?

J. Andrew English J. Andrew English
Monday, February 2nd, 2015

One of the most frustrating changes we receive each day involves small price drops. These price drops can be anywhere from $1 to $1,000. Making the change doesn’t frustrate me. I’m happy to make the change, the frustrating part is that many homeowners are hurting themselves by doing this. Somewhere along the way, people started believing that if you drop your price, your home goes “back to the top of the list” on the MLS. This simply isn’t true. The MLS is a constantly evolving database. Each Realtor(R) sets their own “hot sheet” to the search parameters that they farm specifically. The MLS isn’t one long list, such as “Craigslist”. The problem with dropping your price by a small amount is that many times you are doing nothing more than bleeding down your own price and the subdivision. When you make a price cut, you want to do so with a purpose. This purpose can be to drive traffic or generate an offer, etc… However, don’t drop your price just for the sake of dropping the price. You need to look at your specific situation, look at the comps around you, decide what is best for you…and then make a price cut with a purpose in mind. (if you decide to cut the price)

 

On the flip side, raising the price is a whole new issue. I’m a believer in pricing the property correctly from Day 1. In my experience, doing so nets the seller the most money possible 9 times out of 10 in the long run. Pricing the property incorrectly and then later raising the price creates confusion amongst buyers. Buyers have access to more information than ever before. They will be aware of any recent price increases that you have made. From my experience, I have found buyer’s reluctant to pay over a previous listing price except in the most rare of instances.